IDEAS home Printed from https://ideas.repec.org/a/kap/revaec/v26y2013i2p149-170.html
   My bibliography  Save this article

The Freiburg school and the Hayekian challenge

Author

Listed:
  • Michael Wohlgemuth

Abstract

At first sight and in terms of explicit references, the relationship between Hayek and the early Freiburg School seems to have been one of mutually benign neglect. It took several decades before the “Hayekian challenge” was fully understood in Freiburg; in a way one could even argue that the challenge arrived in Freiburg only with Hayek himself in 1962. This delay can mostly be explained by different foci of attention. Hayek’s evolutionary economics and his classical-liberal social philosophy centers around the problem of private, dispersed knowledge. The (early) Freiburg School’s economics and its ordo-liberal social philosophy centers around the problem of private, concentrated power. This difference of perspective has consequences and can partly be explained by the different intellectual sources the proponents were drawing upon, and the different political struggles they were engaged in. Copyright Springer Science+Business Media New York 2013

Suggested Citation

  • Michael Wohlgemuth, 2013. "The Freiburg school and the Hayekian challenge," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 149-170, June.
    • Handle: RePEc:kap:revaec:v:26:y:2013:i:2:p:149-170
    DOI: 10.1007/s11138-013-0221-0
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11138-013-0221-0
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11138-013-0221-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Arrow, Kenneth J, 1974. "Limited Knowledge and Economic Analysis," American Economic Review, American Economic Association, vol. 64(1), pages 1-10, March.
    2. Joachim Zweynert, 2013. "How German is German neo-liberalism?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 109-125, June.
    3. Peter J. Boettke & David L. Prychitko (ed.), 1994. "The Market Process," Books, Edward Elgar Publishing, number 54.
    4. Vanberg, Viktor, 1986. "Spontaneous Market Order and Social Rules," Economics and Philosophy, Cambridge University Press, vol. 2(1), pages 75-100, April.
    5. Enrico Colombatto, 2004. "Hayek and Economic Policy (The Austrian Road to the Third Way)," ICER Working Papers 18-2004, ICER - International Centre for Economic Research.
    6. Razeen Sally, 1998. "Classical Liberalism and International Economic Order: An Advance Sketch," Constitutional Political Economy, Springer, vol. 9(1), pages 19-44, March.
    7. Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
    8. Vanberg, Viktor J., 2004. "Austrian Economics, Evolutionary Psychology and Methodological Dualism: Subjectivism Reconsidered," Freiburg Discussion Papers on Constitutional Economics 04/3, Walter Eucken Institut e.V..
    9. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    10. Viktor Vanberg, 1999. "Markets and Regulation: On the Contrast Between Free-Market Liberalism and Constitutional Liberalism," Constitutional Political Economy, Springer, vol. 10(3), pages 219-243, October.
    11. Bruce Caldwell, 1997. "Hayek and Socialism," Journal of Economic Literature, American Economic Association, vol. 35(4), pages 1856-1890, December.
    12. Manfred Streit, 1993. "Cognition, competition, and catallaxy in memory of Friedrich August von Hayek," Constitutional Political Economy, Springer, vol. 4(2), pages 223-262, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kolev, Stefan, 2021. "When liberty presupposes order: F. A. Hayek's learning ordoliberalism," Freiburg Discussion Papers on Constitutional Economics 21/2, Walter Eucken Institut e.V..
    2. Kolev, Stefan, 2024. "When Liberty Presupposes Order: F. A. Hayek’s Contextual Ordoliberalism," SocArXiv 8nhr5, Center for Open Science.
    3. Stefan Kolev & Nils Goldschmidt & Jan-Otmar Hesse, 2020. "Debating liberalism: Walter Eucken, F. A. Hayek and the early history of the Mont Pèlerin Society," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 433-463, December.
    4. Kolev, Stefan & Goldschmidt, Nils & Hesse, Jan-Otmar, 2014. "Walter Eucken's role in the early history of the Mont Pèlerin Society," Freiburg Discussion Papers on Constitutional Economics 14/02, Walter Eucken Institut e.V..

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wohlgemuth, Michael, 2005. "Politik und Emotionen: Emotionale Politikgrundlagen und Politiken indirekter Emotionssteuerung," Freiburg Discussion Papers on Constitutional Economics 05/9, Walter Eucken Institut e.V..
    2. Viktor J. Vanberg, 2022. "Carl Menger, F.A. Hayek and the evolutionary strand in Austrian economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(4), pages 481-515, December.
    3. Mehrdad Vahabi, 1999. "From Walrasian General Equilibrium to Incomplete Contracts: Making Sense of Institutions," Post-Print halshs-03704424, HAL.
    4. Viktor Vanberg, 2015. "Schumpeter and Mises as ‘Austrian Economists’," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 91-105, January.
    5. Stefan Kolev & Nils Goldschmidt & Jan-Otmar Hesse, 2020. "Debating liberalism: Walter Eucken, F. A. Hayek and the early history of the Mont Pèlerin Society," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 433-463, December.
    6. Sandye Gloria-Palermo, 2002. "Continuité dans la pensée hayekienne. Une résistance planifiée contre l'interventionnisme," Recherches économiques de Louvain, De Boeck Université, vol. 68(3), pages 313-333.
    7. Mikayla Novak, 2021. "Social innovation and Austrian economics: Exploring the gains from intellectual trade," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 129-147, March.
    8. Eggertsson, Thrainn, 1997. "The old theory of economic policy and the new institutionalism," World Development, Elsevier, vol. 25(8), pages 1187-1203, August.
    9. Körner, Heiko, 2005. "Walter Eucken - Karl Schiller: Unterschiedliche Wege zur Ordnungspolitik," Freiburg Discussion Papers on Constitutional Economics 05/6, Walter Eucken Institut e.V..
    10. Shinji Teraji, 2014. "On cognition and cultural evolution," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 13(2), pages 167-182, November.
    11. Vanberg, Viktor J., 2005. "Das Paradoxon der Marktwirtschaft: Die Verfassung des Marktes und das Problem der "sozialen Sicherheit"," Freiburg Discussion Papers on Constitutional Economics 05/5, Walter Eucken Institut e.V..
    12. Tan Ngoc Vu & Duc Hong Vo & Michael McAleer, 2019. "Rent seeking for export licenses: Application to the Vietnam rice market," Documentos de Trabajo del ICAE 2019-13, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    13. Hahn Robert, 2010. "Designing Smarter Regulation with Improved Benefit-Cost Analysis," Journal of Benefit-Cost Analysis, De Gruyter, vol. 1(1), pages 1-19, July.
    14. William S. Schulze & Michael H. Lubatkin & Richard N. Dino, 2002. "Altruism, agency, and the competitiveness of family firms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 247-259.
    15. Qin, Wei & Liang, Quanxi & Jiao, Yan & Lu, Meiting & Shan, Yaowen, 2022. "Social trust and dividend payouts: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 72(C).
    16. Kim, Jongwook & Mahoney, Joseph T., 2008. "A Strategic Theory of the Firm as a Nexus of Incomplete Contracts: A Property Rights Approach," Working Papers 08-0108, University of Illinois at Urbana-Champaign, College of Business.
    17. Richard Langlois, 2013. "The Institutional Revolution: A review essay," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(4), pages 383-395, December.
    18. Fiori Stefano, 2005. "The emergence of instructions : some open problems in Hayek's theory," CESMEP Working Papers 200504, University of Turin.
    19. Nathalie Berta, 2016. "On the definition of externality as a missing market," Post-Print halshs-01277990, HAL.
    20. Ludwig van den Hauwe, 2005. "Public Choice, Constitutional Political Economy and Law and Economics," Method and Hist of Econ Thought 0508001, University Library of Munich, Germany, revised 09 Aug 2005.

    More about this item

    Keywords

    Friedrich A. von Hayek; Freiburg School; Neo-liberalism; Austrian Economics; A11; B25; B53; H10; P11;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:revaec:v:26:y:2013:i:2:p:149-170. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.